After Binance and OKEx, the FTX exchange is the latest to enter the NFT market – News Sept 06

While most of the NFT trading quantity is in the OpenSea market, crypto exchanges are starting to understand that they’ll provide a similar service immediately to tens of millions of customers.

FTX is one such exchange. CEO Sam Bankman-Fried tweeted that beginning in the present day. Folks will likely be in a position to coin NFT immediately on the FTX exchange.

All NFTs will likely be ETH / SOL throughout the chain!

Deposits and withdrawals will likely be opened in the subsequent few weeks.

You can then additionally deposit the exterior of NFTs!

– SBF (@SBF_FTX) September 6, 2021

This signifies that FTX customers can create their artworks and mint them as NFTs to promote the exchange’s market immediately. This contains US customers by way of FTX.US.

Bankman-Fried acknowledged that each one NFTs would likely be cross-chain on the Ethereum and Solana blockchains.

Currently, customers can solely save and view these NFTs inside the exchange. But FTX will likely be increasing in the subsequent few weeks to help deposits and withdrawals. This will enable customers to promote mainstream NFTs in the business.

However, shopping for and promoting NFTs is not low-cost. FTX fees patrons and sellers 5% for every sale, making a complete of 10%.

The Binance and OKEx cryptocurrency exchanges additionally provide NFT markets. While OKEx solely permits the import of NFTs primarily based on OKExChain, there are plans to add help for Ethereum quickly. And Binance NFT is steadily turning into a heavyweight in the trade.

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Qin Shi Huang

According to The Block

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